Transactions UK

  • February 06, 2024

    EU Securities Watchdog To Get New ESG Rating Powers

    The European Union's securities watchdog will gain new powers to regulate environmental, social and governance ratings providers under rules agreed by EU lawmakers.

  • February 06, 2024

    Burges Salmon Guides Insurance Co. In £72M Pension Deal

    DAS Insurance has offloaded £72 million ($90 million) of its employee pension liabilities to Canada Life, in a deal steered by Burges Salmon LLP.

  • February 06, 2024

    Freshfields Helps Novartis Buy German Pharma In €2.7B Deal

    Swiss pharmaceutical giant Novartis AG has agreed to buy MorphoSys AG in a deal that values the German biopharmaceutical group at €2.7 billion ($2.9 billion) as it seeks to develop its oncology treatment options.

  • February 06, 2024

    UBS Plans $1B Buyback In 2024 After Credit Suisse Deal

    UBS Group AG said Tuesday that it plans to resume its share buyback program by returning up to $1 billion to shareholders in 2024 after it fully absorbs Credit Suisse AG.

  • February 05, 2024

    SoftwareOne Investors Want Board Gone After Buyout Refusal

    A shareholder group that owns 29% of software and cloud solutions provider SoftwareOne has demanded an extraordinary general assembly to call for the wholesale removal of the company's board after it rejected a multibillion-dollar bid from Bain Capital.

  • February 05, 2024

    3 Firms Build Acerinox's $798M Buy Of Haynes International

    Stainless steel manufacturer and distributor Acerinox, advised by Paul Weiss Rifkind Wharton & Garrison LLP and Linklaters LLP, on Monday announced that it has agreed to buy and take private high-performance alloy manufacturer and developer Haynes International, advised by Kirkland & Ellis LLP, for $798 million in cash.

  • February 05, 2024

    Sonae To Buy 89% Stake In Ingredients Biz For €152M

    Portugal-based multinational conglomerate Sonae SGPS SA said Monday that its subsidiary Sparkfood SA has offered to buy an approximately 89% stake of the parent company of ingredients maker BCF Life Sciences for €152 million ($163 million) to expand its international footprint.

  • February 05, 2024

    Telenor Books $754M Impairment On Thai Telecom Stake

    Norway's Telenor ASA said on Monday that it will book an impairment of 8.04 billion Norwegian kroner ($754 million) for the end of 2023, reflecting a sharp drop in the value of its stake in Thailand's True Corp. Ltd. since a $20 billion merger in March.

  • February 05, 2024

    Yandex To Exit Russia In Discounted $5.2B Asset Sale

    Yandex said Monday that it will sell its Russian business to a consortium for 475 billion rubles ($5.2 billion) — half its market value — in one of the biggest corporate exits from Russia since its invasion of Ukraine.

  • February 05, 2024

    EU Listing Act Could Drive Issuers Abroad, Industry Warns

    A European trade body for wholesale markets has warned that agreed new rules for companies listing shares on stock markets would set tight limits on disclosure in prospectuses, which could discourage companies from listing in Europe.

  • February 05, 2024

    Buyer Seeks £6.4M In Investment Scheme Franchise Feud

    The buyers of a property investment scheme have countersued its former owner for at least £6.4 million ($8 million), seeking to claw back losses they said they incurred as a result of his tricking them into buying an ailing business.

  • February 05, 2024

    Novo Holdings Buying Biopharma Co. Catalent In $16.5B Deal

    Novo Holdings, the controlling shareholder in Novo Nordisk Foundation, said Monday it has agreed to acquire Catalent in an all-cash transaction that values the pharmaceutical company at $16.5 billion, including debt, about five months after Catalent struck a deal with activist investor Elliott Investment Management to conduct a strategic review. 

  • February 05, 2024

    Hollywood Bowl Kicks Off £5M Tranche Of Buyback

    Hollywood Bowl Group PLC on Monday began an initial share buyback worth up to £5 million ($6 million) with a view to cutting down the size of its outstanding share capital.

  • February 05, 2024

    Revolution Beauty's Ex-CEO To Pay £2.9M To Settle Dispute

    Cosmetics brand Revolution Beauty said Monday that it has reached a £2.9 million ($3.7 million) settlement agreement with its co-founder and former chief executive over accounting errors that arose from personal loans that he had not disclosed.

  • February 02, 2024

    Octopus Renewables Buys Irish Solar Farms For €160M

    Octopus Renewables Infrastructure Trust PLC said Friday that it has acquired four newly constructed solar farms near Dublin that produce enough energy to power 50,000 homes for €160 million ($174 million).

  • February 02, 2024

    Investor Makes £39M Offer For South African Coal Mine

    Goldway Capital Investments Ltd., a group owned by multiple international investors, said Friday it has tabled a £39.1 million ($49.6 million) takeover offer for Australia-based coal mining company MC Mining Ltd.

  • February 02, 2024

    A&O Advises Apax Fund On £700M Consumer Trend Biz Buy

    Investment group Apax Global Alpha said Friday that its Apax XI Fund had completed the £700 million ($884 million) acquisition of consumer trend forecasting company WGSN from events and data company Ascential PLC.

  • February 02, 2024

    UK Regulator Examining Thermo Fisher's $3.1B Olink Buy

    The U.K.'s Competition and Markets Authority said Friday that it is looking into American biotechnology company Thermo Fisher Scientific's planned $3.1 billion purchase of Swedish biotech business Olink to determine whether it will result in reduced competition.

  • February 02, 2024

    Mishcon Acquires Brazilian Group Claims Business Somos

    Mishcon de Reya LLP said on Friday the law firm has acquired a group actions management business based in Brazil, as it looks to build out its capabilities developing and managing some of the most complex cases seen in the U.K. legal market.

  • February 02, 2024

    Struggling Superdry In Takeover Talks With Co-Founder

    Britain's Superdry PLC said Friday that its co-founder is considering making a cash offer for the struggling clothing brand as it looks to turn around its business after the cost-of-living crisis has kept its balance sheet in the red.

  • February 02, 2024

    Lift Parts Supplier Dewhurst Launches £2.5M Share Buyback

    Dewhurst Group PLC said Friday that it will return up to £2.5 million ($3.2 million) to investors through a share buyback program.

  • February 02, 2024

    Danske Bank Launches $800M Share Buyback

    Denmark's largest bank Danske Bank A/S said on Friday it plans to buy back stock worth up to 5.5 billion Danish kroner ($800 million) as it looks to reduce its share capital.

  • February 02, 2024

    HgCapital Trust To Invest £44M In German Insurance Broker

    U.K. investment company HgCapital Trust PLC said Friday that it will invest £44.2 million ($56.4 million) in German insurance brokerage platform GGW Group to help it grow.

  • February 01, 2024

    PI Group Fletchers Acquires Serious Injury Law

    Fletchers Group announced Thursday that it has acquired a personal injury law firm based in northwest England, adding to its growing portfolio of businesses.

  • February 01, 2024

    Danish Transport Biz To Return $145M To Shareholders

    Danish transport and logistics company DSV said Thursday that it will repurchase up to 1 billion Danish kroner ($145 million) of its shares as it disclosed "solid financial results for 2023."

Expert Analysis

  • Takeaways For Transaction Parties After UK Acquisition Block

    Author Photo

    The U.K. government recently used its retrospective powers under the National Security and Investment Act for the first time to block Nexperia’s acquisition of Newport Wafer Fab, highlighting the considerations that parties have to evaluate when contemplating transactions in high-risk areas, say attorneys at Arnold & Porter.

  • Understanding The EU's New Foreign Subsidies Regulation

    Author Photo

    The European Parliament’s newly adopted Foreign Subsidies Regulation extends already wide-ranging European Union state aid powers and adds new layers of deal conditionality, so companies will need to carefully consider how the regulation may affect their EU-bound activities, say Peter Camesasca and Sophie Bertin at Covington.

  • A Look At The Increase In Employee Ownership Trusts

    Author Photo

    The rise in employee ownership trusts has brought certain challenges, but with tax advantages and a proven positive impact on individuals, businesses and regional economies, employee buyouts are set to become more popular and could outstrip mainstream deal activity, says ​​​​​​​Lisa Hayward at Birketts.

  • EU Basel III Bank Reforms May Weaken Securities Market

    Author Photo

    Recent proposals from the Council of the European Union's review of Basel III bank capital regulatory reforms did not adopt substantive changes urged by the market for the securitization framework, and may have a dampening effect on the competitiveness of European securitizations, say attorneys at Hogan Lovells.

  • 5 Factors Driving Longer Prenotifications In EU Mergers

    Author Photo

    Attorneys at Linklaters discuss reasons, including transaction complexity and a higher standard of proof, why the duration of the prenotification process in European Commission merger control cases has generally increased over the last 10 years, say attorneys at Linklaters.

  • Series

    My Favorite Law Prof: How I Learned To Argue Open-Mindedly

    Author Photo

    Queens College President Frank Wu reflects on how Yale Kamisar’s teaching and guidance at the University of Michigan Law School emphasized a capacity to engage with alternative worldviews and the importance of the ability to argue for both sides of a debate.

  • New Clarity On Directors' Creditor Duty In Insolvency Context

    Author Photo

    The recent case of BTI 2014 v. Sequana, the first to consider the creditor duty at U.K. Supreme Court level, provides directors and insolvency practitioners with significant guidance on how close to insolvency the company needs to be for the creditor duty to be engaged, say attorneys at Shearman.

  • German Draft Bill Reflects Trend Toward New Antitrust Tools

    Author Photo

    A recently proposed amendment to the German Act against Restraints on Competition continues the trend in Europe to equip authorities with greater powers, shifting from a more traditional approach to a more extensive market protection tool, say attorneys at Gibson Dunn.

  • How COVID, Supply Chain Woes Are Fueling Air Cargo M&A

    Author Photo

    The pandemic has triggered a shift in the air cargo market, with supply chain issues and demand for expedited service attracting new investment — and M&A interest will likely continue, even as inflation and other factors damp enthusiasm, say Solange Leandro and Alison Weal at Watson Farley.

  • What To Expect From A Simplified EU Merger Control System

    Author Photo

    The European Commission’s draft amendments to the EU merger control system, expected to be formally adopted shortly, reduce its administrative burden and expand the scope of the simplified procedure to additional categories of transactions, providing a welcome development for companies and their advisers, say Axel Gutermuth and Lukas Šimas at Arnold & Porter.

  • How The Pandemic And UK Security Law Are Changing Deals

    Author Photo

    Deal makers must consider how the COVID-19 pandemic has shaped the approach to material adverse change provisions in the U.K. and U.S., and how the new U.K. National Security and Investment Act regime will affect investors across the globe seeking to acquire material influence in a U.K. company, say attorneys at Covington.

  • 3 Foreign Investment Issues Affecting Cross-Border Deals

    Author Photo

    Now more than ever, managing the increasingly complex foreign direct investment considerations for successfully completing cross-border transactions requires parties to be attentive to the evolving regulatory landscape, particularly in the U.K. and EU, say Chase Kaniecki and William Dawley at Cleary.

  • A Review Of The New UK Financial Services And Markets Bill

    Author Photo

    In revoking retained EU law and replacing it with U.K.-specific legislation, the new Financial Services and Markets Bill should mean a less cumbersome and more accessible regulatory regime than the existing patchwork of requirements, with provisions that address consumers’ concerns that they were not adequately protected, say attorneys at Ashurst.

  • Tracking The Global Move Toward Tighter Mergers Scrutiny

    Author Photo

    The recent merger control case of Vivendi and Lagardère in France is indicative of a global trend of competition authorities applying stricter standards to concentrations and pursuing an increasingly aggressive enforcement agenda, particularly in the media sector, says Jérémie Marthan at White & Case.

  • Dutch Merger May Promote Behavioral Remedies Across EU

    Author Photo

    A Dutch tribunal's recent clearing of the Sanoma-Iddink deal might further encourage merging parties in the EU to offer — and government agencies to accept — behavioral remedies, which was rarer when more emphasis was put on divestments, says Robert Hardy at Greenberg Traurig.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Transactions UK archive.
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!